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    5575 Heritage Hill Rd Parkville, MO 64152

    • Commercial real estate
    • 0.22 lot acres
    For Sale
    View listing
    $115,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0962516
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5575 Heritage Hill Rd

    Lot size
    0.22 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.22-acre residential lot in Parkville, Missouri, presents a fantastic opportunity to build your dream home. Located at 5575 NW Heritage Hill Road, zip code 64152, this property offers a picturesque setting within an established neighborhood. Enjoy the convenience of quick access to major highways, local shopping, dining options, and the highly-rated Park Hill Schools. The lot provides ample space for a comfortable home and offers the unique possibility of purchasing an adjoining lot to create a larger, double lot—ideal for enhanced privacy or expanded building plans. The community boasts an array of amenities, including a clubhouse, swimming pool, tennis courts, playgrounds, fishing ponds, ball fields, shelter houses, a sand volleyball court, and walking trails. This desirable location is also minutes away from historic downtown Parkville, downtown Kansas City, the National Golf Course, and Kansas City International Airport. The asking price for this remarkable property is $115,000. A drone photo with the property lines outlined will be available soon.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Parkville
    County
    Platte
    State
    Missouri
    Longitude
    -94.712314
    Latitude
    39.197108

    Comparable in this City

    • $204,950
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      Parkville Missouri Acre Lot

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    • $3,960,000
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      Parkville MO Development Land

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    • $449,000
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      Prime Residential/Ag Land - Build Your Dream!
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    • $189,950
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      Parkville Missouri Estate Lot

      Build your dream home on 0.92 acres.
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    • $699,000
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      Lakefront Lot: Weatherby Lake, MO

      Prime lakefront land, build your dream home!
      7814 Scenic Dr, Weatherby Lake, MO 64152
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    Similar Nearby for Sale

    • $204,950
      1.09 Acres

      Parkville Missouri Acre Lot

      Build your dream home on 1.09 acres.
      Parkville, MO 64152
      View Details
    • $3,960,000
      116.94 Acres

      Parkville MO Development Land

      117 Acres, I-435 & Hwy 152 access
      0 Highway 152, Kansas City, MO 64152
      View Details
    • $449,000
      3.20 Acres

      Prime 3.2-Acre Residential Lot

      Build Your Dream Home in Platte County
      12 Copper Hl Dr, Weatherby Lake, MO 64152
      View Details
    • $400,000
      10.75 Acres

      10+ Acres Platte County Land

      Prime Residential/Ag Land - Build Your Dream!
      0 68Th St, Kansas City, MO 64152
      View Details
    • $189,950
      0.92 Acres

      Parkville Missouri Estate Lot

      Build your dream home on 0.92 acres.
      Parkville, MO 64152
      View Details
    • $699,000
      0.46 Acres

      Lakefront Lot: Weatherby Lake, MO

      Prime lakefront land, build your dream home!
      7814 Scenic Dr, Weatherby Lake, MO 64152
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,987 SF

      Retail Space in Kansas City

      Retail space available for lease in Kansas City, Missouri.
      1901 Main St, Kansas City, MO 64152
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    • $20 SF/Yr
      1,200 SF

      Retail/Office Space in High-Traffic Area

      1,200 SF retail/office space in a high-traffic location.
      8327 N Congress Ave, Kansas City, MO 64152
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    • $23 SF/Yr
      10,600 SF

      Kansas City Office Space Available

      Office space available for lease in Kansas City, Missouri.
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    • $20 SF/Yr
      5,000 SF

      Kansas City Office Space Available

      5,000 square feet of office space for lease.
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    • Contact for pricing
      1,800 SF

      Kansas City Office Space

      Office space available for rent in Kansas City, MO.
      3611 Main St, Kansas City, MO 64152
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    • $12 SF/Yr
      125,711 SF

      Retail Space in Growing Area

      Suites available in high-traffic area with excellent tenant mix.
      64th N Cosby Ave, Kansas City, MO 64152
      View Details
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    5575 Heritage Hill Rd
    Parkville, MO 64152
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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